Tokai Corp (9729.T)
19 Jan 2018
When I first got a tip to check the docket of a securities class action against the biopharmaceutical company Tokai, I was expecting to find shady behavior by plaintiffs' lawyers. The case is just taking shape, and, all too often, competition for appointment as lead counsel brings out the worst in the class action bar.
* Says it will take over welfare tools lending business from Osaka-based firm hotta-kaigo for 80 million yen, effective Nov. 1